CQC must refuse registration if providers cannot satisfy us that they can and will continue to comply with this regulation.

The regulation in full

13.—

Subject to paragraph (2), the service provider must take all reasonable steps to carry on the regulated activity in such a manner as to ensure the financial viability of the carrying on of that activity for the purposes of—

achieving the aims and objectives set out in the statement of purpose; and

meeting the registration requirements prescribed pursuant to section 20 of the Act.

This regulation does not apply where the service provider is—

an English local authority; or

a health service body.

Guidance

Component of the regulation

Providers must have regard to the following guidance

13.—(1) Subject to paragraph (2), the service provider must take all reasonable steps to carry on the regulated activity in such a manner as to ensure the financial viability of the carrying on of that activity for the purposes of—

13(1)(a) achieving the aims and objectives set out in the statement of purpose;

The provider must have the financial resources needed to provide and continue to provide the services as described in the statement of purpose to the required standards.

The provider must have insurance and suitable indemnity arrangements to cover potential liabilities arising from death, injury, or other causes, loss or damage to property, and other financial risks.